Agreement between India and Sri Lanka

India gives $45.27 million aid to develop KKS harbour in Sri Lanka

Question: In which of the following countries Kankesanthurai (KKS) port is located?
(a) Maldives
(b) India
(c) Sri Lanka
(d) Myanmar
Answer: (c) 
Related Facts: 

  • On 10 January 2018 an agreement was signed between Sri Lanka’s Ministry of Finance and Export-Import Bank of India (Exim Bank) in New Delhi.
  • Director-General of the Export-Import Bank, David Rasquinha and Secretary of Sri Lanka’s Ministry of Finance R.S. Samaratunga signed on this agreement.
  • This agreement is for Indian financial assistance of USD 45.27 million (LKR 6.9 billion) for upgrading Kankesanthurai (KKS) Harbour and to develop Sri Lanka as a centralized hub of the center.
  • Kankesanthurai (KKS) is a port in northern Sri Lanka.
  • It is important to note that under this upgraded project would make KKS Harbour a full-fledged commercial port.

Reference:                 
https://economictimes.indiatimes.com/news/defence/india-gives-45-27-million-aid-to-develop-kks-harbour-in-sri-lanka/articleshow/62472575.cms

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.